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Diamonds and Diamond Grading 3
The Modern Diamond Market
10
Geology
Post-Graduate
10/25/2018

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Cards

Term
Beneficiation
Definition
a commitment to reserve a portion of the resources derived from any country for the economic development of that country
Term
Best Practices Principles (BPP)
Definition
De Beers' formalized commitment of itself and its sightholders to the highest ethical standards
Term
Brick-and-Mortar Retailer
Definition
a traditional store consisting of walls and a fixed location
Term
Conflict Diamonds
Definition
diamonds used to finance violence and terror
Term
Cutting Center
Definition
a city, region, or country with a large number of gemstone manufacturers
Term
Electronic Retailer
Definition
business that sells to consumers via television cable, phone line, or satellite
Term
Kimberley Process (KP)
Definition
diamond industry program designed to ensure that diamonds crossing international borders are legitimate and do not fund civil conflict or terrorism
Term
Supplier of Choice
Definition
program adopted by De Beers in 2001, in which it required its sightholders to help increase market demand for diamonds
Term
Supplier of Choice 2
Definition
program adopted by De Beers in 2007 to answer critics and resolve shortcomings of its original SOC program
Term
Vertical Integration
Definition
involvement of a business or industry in all aspects of its product's market
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